RedFlags, Allegations and Complaints against LOUIS GENE SCATIGNA
Disclosure #1 for LOUIS SCATIGNA
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- eventDate: 9/17/2001
- Disclosure Type: Regulatory
- Disclosure Resolution: Final
- Disclosure Detail :: DocketNumberFDA: C9B010076
- DocketNumberAAO: 9010076
- Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
- Allegations: NASD RULES 2110,3010(A)&(B),3010(A)(3) – A MEMBER FIRM, ACTING THROUGH SCATIGNA, FAILED TO REQUIRE WRITTEN NOTICE FROM A REPRESENTATIVE OF HIS PRIVATE SECURITIES TRANSACTIONS AND FAILED TO APROVE OR DISAPPROVE IN WRITING HIS PARTICIPATION IN A PRIVATE PLACEMENT; THE MEMBER FIRM, ACTING THROUGH SCATIGNA, FAILED TO SUPERVISE AND/OR ENFORCE ITS WRITTEN SUPERVISORY PROCEDURES CONCERNING PRIVATE SECURITIES TRANSACTIONS; THE MEMBER FIRM,ACTING THROUGH SCATIGNA, FAILED TO AMEND ITS FORM BD TO REFLECT A BRANCH OFFICE WAS FUNCTIONING AS AN OFFICE OF SUPERVISORY JURISDICTION; AND THE FIRM, ACTING THROUGH SCATIGNA, IN CONNECTION WITH A PRIVATE PLACEMENT, FAILED TO ESTABLISH A PROPER ESCROW ACCOUNT AT A BANK BUT, INSTEAD, UTILIZED A LAW FIRM AS ESCROW AGENT FOR THE OFFERING.
- Resolution: Acceptance, Waiver & Consent(AWC)
- SanctionDetails :: Sanctions: Monetary/Fine
- SanctionDetails :: Amount: $7,500.00 Sanctions: Censure
- Sanction Details: CENSURED AND FINED $7,500, JOINTLY AND SEVERALLY
- Broker Comment: WITHOUT ADMITTING OR DENYING THE FINDINGS, A LETTER OF ACCEPTANCE, WAIVER AND CONSENT FROM THE NASD WAS ACCEPTED SUBJECTING THE FIRM AND LOUIS G. SCATIGNA TO A FINE OF $7,500 JOINTLY AND SEVERALLY.
Should I file a FINRA complaint against brokers like LOUIS GENE SCATIGNA?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
Update – 2022.11.15If you have suffered investment losses that may have been caused by LOUIS GENE SCATIGNA’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!
Frequently Asked Questions About LOUIS GENE SCATIGNA
What is LOUIS SCATIGNA’s Central Registration Depository (CRD) Number?
Which firm is LOUIS GENE SCATIGNA associated with?
LEIGH BALDWIN & CO., LLC
Where is LOUIS SCATIGNA located?
81 East Water Street, Toms River, NJ, 8753
Where can I find more details about LOUIS SCATIGNA’s Investment Firm?
Visit https://brokercheck.finra.org/firm/summary/38751 to read a detailed report for LEIGH BALDWIN & CO., LLC
Are there any disclosures, allegations or complaints filed against LOUIS GENE SCATIGNA?
Where can I download a detailed FINRA report for LOUIS SCATIGNA?
Is it safe to do business with LOUIS GENE SCATIGNA?
We’re not sure. Please research LOUIS SCATIGNA’s disclosures, allegations and complaints before taking a decision
Originally reported on November 15, 2022 @ 11:32 pm
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